The number of homes available for sale is holding – so supply is stable

The number of homes under contract / pending sale is increasing, so buyers are indeed buying

The number of distressed properties on the market is – for the most part – stable for now

Things are continuing a slow and steady recovery in the Carson Valley. I am anxious to see how many of the 112 pending sales close this month. Last month 41 homes sold which was the third month in a row that the number of homes sold increased. If we can link together 6 months of positive trend data, I would be happy to stick my neck out and say we’re officially in recovery.

(Our data is from the NNRMLS, exclusing all shared ownership or manufactured housing in Area 300.)